If a competitive market were allowed and developed for human organs, then the price for organs would:
A. Increase and the quantity of organs available would decrease
B. Decrease and the quantity of organs available would increase
C. Increase and the quantity of organs available would increase
D. Decrease and the quantity of organs available would decrease
C. Increase and the quantity of organs available would increase
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In a prisoners' dilemma game, which of the following strategies gives the best outcome for both prisoners?
A) Both deny (collusion). B) Both confess (not collude). C) One confesses while the other denies. D) none of the above
Assuming that there are NO income taxes, if both autonomous taxes, and government expenditures were to rise by $100 million, we would expect equilibrium GDP to
A) rise by $100 million. B) rise, but by a multiple of $100 million. C) rise by less than $100 million. D) remain unaffected because leakages have changed by the same amount.